Omega Pharma Offers $88.9 Million
For Akzo Nobel's Chefaro Drug Unit

A WSJ.com News Roundup

Updated Oct. 31, 2000 12:31 p.m. ET

AMSTERDAM -- Dutch chemical company Akzo Nobel NV said it has received a cash offer of 105.7 million euros ($88.9 million) from Belgium's Omega Pharma NV for Chefaro, its over-the-counter pharmaceutical unit.

Akzo said Omega Pharma is also willing to assume 35 million euros of Chefaro's debt.